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Gulf of Mexico Rig Utilization


Total mobile rig utilization in the Gulf of Mexico is unchanged this week. Current fleet utilization is 44% with 55 of 125 mobile rigs under contract or committed for work. Marketed utilization, which excludes cold stacked and other non-marketed rigs, now stands at 71.4%, with 55 of 77 rigs under contract.

 

Within the jackup fleet, total utilization remains at 34.1%, with 29 of 85 rigs under contract or committed for work. Marketed utilization rose as one previously marketed rig was cold stacked. As a result, marketed utilization is now 64.4%, with 29 of 45 units contracted.

 

Floating rig, utilization is unchanged from a week ago as well. Currently, 26 of 34 rigs are under contract for utilization of 76.5%. Marketed utilization is now 83.9% with 26 of 31 rigs under contract.

 

Total Platform rig fleet utilization is also unchanged from last week. Fleet utilization is now at 37.3% with 19 of 51 units under contract. Marketed utilization stays at 57.6% with 19 of 33 rigs contracted.

 

Inland barge utilization was also unchanged this week as one rig was released along with one idle rig receiving a contract. As a result, fleet utilization remains at 43.1% with 25 of 58 units under contract. Marketed utilization is at 62.5% with 25 of 40 units under contract.


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